Tampa General Hospital has agreed to buy three Florida-based hospitals from a subsidiary of Community Health Systems.
The hospitals, which collectively make up the Bravera Health network, include 120-bed Bravera Health Brooksville in Brooksville, Florida, 128-bed Bravera Health Seven Rivers in Crystal River, Florida, 124-bed Bravera Health Spring Hill in Spring Hill, Florida, and their associated assets.
The cash consideration is approximately $280 million, excluding anticipated purchase price adjustments for net working capital and the amount of capital leases assumed by the buyer. Total cash consideration to be received, inclusive of these items, is estimated to be approximately $290 million.
Serving Citrus and Hernando counties, the hospitals, outpatient clinics and physician offices of Bravera Health provided care to more than 300,000 patients last year.
Community Health Systems has been divesting hospitals around the country all year. In February, it sold two hospitals in North Carolina to Novant Health System in a deal valued at $320 million, and in April it sold the Medical Center of South Arkansas to South Arkansas Regional Hospital.
